Consider the following statements with reference to Karnali Hydropower Project: 1. Recently, Indian Renewable Energy Development Agency (IREDA) has finalized a Joint Venture Agreement for the development of the Upper Karnali Hydro-electric Project in Nepal. 2. It is a Run-of-River (RoR) type project that will export power from Nepal to India and Bhutan. Which of the above statements is/are correct?
1 Only
Why in the News?
"IREDA Finalizes Joint Venture for Upper Karnali Hydropower Project in Nepal, Boosting Regional Energy Cooperation”
Statement 1: correct
The Indian Renewable Energy Development Agency (IREDA) has signed a Joint Venture Agreement to develop the Upper Karnali Hydro-electric Project in Nepal, reflecting a significant step in cross-border renewable energy collaboration and infrastructure development.
Statement 2: incorrect
The Karnali Hydropower Project is a Run-of-River (RoR) plant exporting power from Nepal to India and Bangladesh, utilizing river flow without large dams or reservoirs, promoting sustainable energy solutions in the South Asian region.
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